Rights of Option Holder. Director, as holder of the Option, shall not have any of the rights of a shareholder with respect to the shares covered by the Option except to the extent that one or more certificates for such shares shall be delivered to him upon the due exercise of all or any part of the Option.
Appears in 4 contracts
Samples: Option Agreement (Park Place Entertainment Corp), Option Agreement (Park Place Entertainment Corp), Option Agreement (Park Place Entertainment Corp)
Rights of Option Holder. 9. The Director, as holder of the Option, shall not have any of the rights of a shareholder with respect to the shares Shares covered by the Option except to the extent that one or more certificates for such shares Shares shall be delivered to him or her upon the due exercise of all or any part portion of the Option.
Appears in 1 contract
Samples: Stock Option Agreement (Turinco Inc)
